AeroVironment (AVAV) continues to be a dominant presence in the small UAS (unmanned aircraft systems) industry. While AeroVironment's long-term path remains bright, the company is experiencing some headwinds. Most notably, the US military is potentially looking for Switchblade alternatives to the detriment of AeroVironment. The company also recently reported disappointing Q3 results, missing on both revenue and EPS.
AeroVironment's Q3 revenue of $61.89 million and EPS of -$0.04 missed expectations by $6.94 million and $0.19 respectively. Unsurprisingly, the company's stock price plunged following the release of quarterly results. Despite the recent bad news,